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Green Bay Packers give IU football's Simon Stepaniak chance to chase NFL dream

The Packers selected the Hoosiers' offensive lineman in the sixth round.

       




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Why new IU AD Scott Dolson is 'perfect person for that job' — from those that know him

"I know he is going to do a great job of continuing to move Indiana athletics in the right direction," Steve Alford said of Scott Dolson.

       




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IU releases guidelines for football season tickets during coronvirus

The renewal deadline is May 15 with 5% down to start. Refunds will be provided for unplayed games

       




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With extended eligibility, IU baseball, softball planning for bigger rosters in 2021

IU baseball, softball working out expanded rosters

       




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IU football: New defensive line coach Kevin Peoples represents impressive coaching tree

Kevin Peoples has been mentored by Pete Jenkins, a defensive line master for decades.

       




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IU football: Grad transfer Jovan Swann expects a lot of himself

Former Center Grove High School standout attended Stanford but will play for the Hoosiers in his remaining season.

       




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'That's when it changed.' Story of how 2009 team put IU baseball on the map

"I look at that group — it was not sexy at that time to play for Indiana. They made it sexy."

       




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You'll see these changes at the grocery as stores battle coronavirus

Grocery stores continue to make changes for the safety of shoppers and employees during the coronavirus pandemic.

      




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'They still want you to come in': Some workers, businesses disagree on what's 'essential'

Some employees disagree with employers who say their businesses are essential. Experts say the definition's gray area makes it hard for workers.

      




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Coronavirus wrecked Girl Scout cookie season. These Hoosier scouts are getting creative.

As coronavirus shutters cookie booths in Indiana and around the country, Girl Scouts take sales online and embrace an entrepreneurial spirit.

      




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These 10 restaurants that were supposed to open this spring. They'll get here, eventually.

Plans have been delayed by actions taken to slow the spread of the coronavirus, but Indianapolis restaurant owners have not given up on their dreams.

      




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'Where are they when you need help?' Restaurants want insurers to cover coronavirus losses

Business interruption insurance replaces income lost when a business must close. But insurers say policies don't cover coronavirus-related closures.

       




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Restaurants are selling groceries during the coronavirus pandemic. Here's what's available.

Restaurants struggling during the coronavirus pandemic are becoming grocery stores to survive. Here's where to score groceries around Indianapolis.

       




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Some Indiana workers could see extra unemployment benefits soon

The federal boost to unemployment compensation is retroactive to March 29, though some Hoosiers will still be waiting.

       




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Here are the safety measures businesses should adopt if operating during the coronavirus

Indiana businesses operating during the coronavirus should follow certain sanitation measures. Guidelines vary based on a worker's risk of exposure.

       




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74 Indiana businesses receive verbal warnings for violating governor's coronavirus order

Indiana officials have investigated several hundred complaints about businesses accused of violating state-mandated safety restrictions.

       




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Conrad hotel in Downtown Indianapolis temporarily ceases operations

The Conrad Indianapolis temporarily suspended operations as occupancy rates for Downtown hotels nosedive because of the coronavirus outbreak.

       




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Self-employed, independent Indiana workers now can apply for new unemployment insurance

Here's how the self-employed, gig workers and others who don't typically qualify for state unemployment benefits can receive new federal benefits.

       




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What Indiana's reopening means for malls, retailers and personal services like hair salons

Indiana is reopening its economy after its coronavirus closures. Here's what shoppers should know about how malls, stores, salons and gyms will return

       




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Masks, hand sanitizer and closed stores: What malls looked like as Indiana began to reopen

Customers ranged from enthusiastic to wary on first day they were able to shop again at suburban Indianapolis malls during the coronavirus pandemic.

       




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Indiana businesses receive another $2 billion in payroll protection loans

Indiana businesses are receiving a second round of payroll protection loans to assist with the economic downturn from the coronavirus pandemic.

       




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Editorial: Behning's ethical bump says a lot about Statehouse culture

It's only two weeks into the legislative session and the Indiana General Assembly has already hit an ethical speed bump. Who's steering this bus?

       




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Editorial: Wave of heroin abuse pounding Indiana; swift action needed

Gov. Mike Pence's Scott County order allowing a needle-exchange program is a welcome step. But it's just a start.

       




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Oil Crash Busted Broker's Computers and Inflicted Big Losses

An anonymous reader quotes a report from Bloomberg: Syed Shah usually buys and sells stocks and currencies through his Interactive Brokers account, but he couldn't resist trying his hand at some oil trading on April 20, the day prices plunged below zero for the first time ever. The day trader, working from his house in a Toronto suburb, figured he couldn't lose as he spent $2,400 snapping up crude at $3.30 a barrel, and then 50 cents. Then came what looked like the deal of a lifetime: buying 212 futures contracts on West Texas Intermediate for an astonishing penny each. What he didn't know was oil's first trip into negative pricing had broken Interactive Brokers Group Inc. Its software couldn't cope with that pesky minus sign, even though it was always technically possible -- though this was an outlandish idea before the pandemic -- for the crude market to go upside down. Crude was actually around negative $3.70 a barrel when Shah's screen had it at 1 cent. Interactive Brokers never displayed a subzero price to him as oil kept diving to end the day at minus $37.63 a barrel. At midnight, Shah got the devastating news: he owed Interactive Brokers $9 million. He'd started the day with $77,000 in his account. To be clear, investors who were long those oil contracts had a brutal day, regardless of what brokerage they had their account in. What set Interactive Brokers apart, though, is that its customers were flying blind, unable to see that prices had turned negative, or in other cases locked into their investments and blocked from trading. Compounding the problem, and a big reason why Shah lost an unbelievable amount in a few hours, is that the negative numbers also blew up the model Interactive Brokers used to calculate the amount of margin -- aka collateral -- that customers needed to secure their accounts. "It's a $113 million mistake on our part," said Thomas Peterffy, the chairman and founder of Interactive Brokers, in an interview Wednesday. Customers will be made whole, Peterffy said. "We will rebate from our own funds to our customers who were locked in with a long position during the time the price was negative any losses they suffered below zero."

Read more of this story at Slashdot.




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Uber Loses $2.9 Billion, Offloads Bike and Scooter Business

Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. Tech Xplore reports: The ride-hailing giant said Thursday it is offloading Jump, its bike and scooter business, to Lime, a company in which it is investing $85 million. Jump had been losing about $60 million a quarter. "While our Rides business has been hit hard by the ongoing pandemic, we have taken quick action to preserve the strength of our balance sheet, focus additional resources on Uber Eats, and prepare us for any recovery scenario," said CEO Dara Khosrowshahi in a statement. "Along with the surge in food delivery, we are encouraged by the early signs we are seeing in markets that are beginning to open back up." On Wednesday, San Francisco-based Uber said it was cutting 3,700 full-time workers, or about 14% of its workforce, as people avoiding contagion either stay indoors or try to limit contact with others. Its main U.S. rival Lyft announced last month it would lay off 982 people, or 17% of its workforce because of plummeting demand. Careem, Uber's subsidiary in the Middle East, cut its workforce by 31%. Uber brought in $3.54 billion in revenue in the first quarter, up 14% from the same time last year. Revenue in its Eats meal delivery business grew 53% as customers shuttered at home opted to order in. Gross bookings grew 8% to $15.8 billion, with 54% growth in the food delivery business and a 3% decline in rides, on a constant currency basis. The report adds that rides were down 80% globally during the month of April. "But rides have been increasing for the past three weeks and bookings in large cities across Georgia and Texas, two states that started re-opening, are up 43% and 50% respectively from their lowest points," the report says.

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Cognizant Expects To Lose Between $50 Million and $70 Million Following Ransomware Attack

IT services provider Cognizant said in an earnings call this week that a ransomware incident that took place last month in April 2020 will negatively impact its Q2 revenue. ZDNet reports: "While we anticipate that the revenue impact related to this issue will be largely resolved by the middle of the quarter, we do anticipate the revenue and corresponding margin impact to be in the range of $50 million to $70 million for the quarter," said Karen McLoughlin, Cognizant Chief Financial Officer in an earnings call yesterday. McLoughlin also expects the incident to incur additional and unforeseen legal, consulting, and other costs associated with the investigation, service restoration, and remediation of the breach. The Cognizant CFO says the company has now fully recovered from the ransomware infection and restored the majority of its services. Speaking on the ransomware attack, Cognizant CEO Brian Humphries said the incident only impacted its internal network, but not customer systems. More precisely, Humphries said the ransomware incident impacted (1) Cognizant's select system supporting employees' work from home setups and (2) the provisioning of laptops that Cognizant was using to support its work from home capabilities during the COVID-19 pandemic. Humphries said staff moved quickly to take down all impacted systems, which impacted Cognizant's billing system for a period of time. Some customer services were taken down as a precaution.

Read more of this story at Slashdot.




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NBA suspends season until further notice due to coronavirus

According to the news release, the NBA will use this hiatus to determine next steps for moving forward in regard to the coronavirus pandemic.

      




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Mark Cuban is as stunned as anyone that the NBA season is suspended

Dallas Mavericks owner and IU alum is taken aback to learn the NBA is stopping play in the wake of a player's coronavirus test

      




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'It's sad to see:' Pacers Nate McMillan isn't focused on basketball right now

"When we do start back, everybody will be off the same amount of time," McMillan says.

      




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Tamika Catchings to face Mike Conley in NBA HORSE competition

Mike Conley is Tamika Catchings' first-round opponent in the NBA's HORSE event on ESPN; competitors will remain separated

      




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Doyel: Will we ever find out how good Victor Oladipo and these Pacers were going to be?

Victor Oladipo was rocking and the Pacers were rolling before NBA shutdown, leaving President Kevin Pritchard, team hopeful about possible resumption.

      




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Pacers' Slick Leonard gave Jerry Krause a start in basketball: 'He wasn't a people person'

The punching bag in The Last Dance documentary about the final season of the champion Bulls is GM Jerry Krause, who got his start from Slick Leonard.

      




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Pacers Malcolm Brogdon declares himself ready to play again with injury '100%' healed

The Pacers didn't have their starting point guard for the last three games before the NBA went on hiatus, but he's able to play if/when it restarts.

      




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25 years later: Reggie Miller relives 8 points in 8.9 seconds

After two quick 3-pointers, "I get the rebound, get fouled and that's where the last two points come for the 8 points in 9 seconds," says Miller.

      




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What were the odds for Reggie Miller's 8 points in 8.9 seconds?

Reggie Miller's 8 points in 8.9 seconds: What were the odds? We do the math.

      




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Pacers Gaming kicks off NBA 2K League season on ESPN2

Pacers Gaming kicks off NBA 2K League season on ESPN2

      




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Inside Madison Square Garden when Reggie Miller's 8 points in 8.9 seconds echoed round the world

What Miller did may have been the greatest one-man comeback in the history of the NBA.

      




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Zest! and Twist in SoBro close

Busy weekend traffic couldn't sustain the restaurant, co-owner says

      




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The Nashville House announces it's closing

Landmark restaurant has been in business since 1927.

      




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Watch these amazing crepes being made at T-Swirl Crepe in Downtown Indianapolis

Take a look at a variety of crepes being created at T-Swirl Crepe, a new place to eat in Downtown Indianapolis.

       




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Sourdough baking: There's no time like the present

If your schedule is wide open, consider sourdough. Zionsville baker Cathy Richardson shares her tips for making crusty, tangy loaves.

       




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What restaurant service could look like as Indiana reopens after coronavirus restrictions

Restaurant owners are discussing what could change after coronavirus restrictions lift in Indiana. Here are some changes that could be on the way.

       




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Bar and brewery owners take wait-and-see approach to returning to normal business

After coronavirus restrictions are lifted, Indianapolis bars and breweries will face challenges in terms of short-term staffing and long-term survival

       




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Nuvo founder tells supporters publication will cease operations

After ending print publication in 2019 and moving to online nonprofit model, Nuvo will cease operations.

       




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Here's why you'll see colorful 'smoke' coming from an Old Northside chimney on Friday

You can see this art in person while you social distance. The Harrison Center will send colorful "smoke" from its historic chimney for the first time.

       




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Redemption Alewerks, Brugge Brasserie announce permanent closures

Two Indianapolis restaurants have announced they will permanently close.

       




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IndyFringe cancels its 2020 festival on Mass Ave. because of coronavirus concerns

IndyFringe, the popular Mass Ave. theater festival, has been canceled. Social distancing requirements will not allow the artists to prepare.

       




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IndyStar Sessions

Miss an episode of "Dogfish Head Brewery presents IndyStar Sessions at Square Cat Vinyl"? We have the musical highlights.

      




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Here's what visiting museums could be like once they reopen during the coronavirus fight

As The Children's Museum, Newfields and others wait for the OK to reopen, they are strategizing how to keep visitors safe from the coronavirus spread.